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Technology Stocks : Technitrol (TNL) -- Ignore unavailable to you. Want to Upgrade?

To: Greg Williams who wrote (12)	7/12/2000 10:50:02 PM
From: Bill Ulrich	Respond to of 55

...found the source of the upgrade I mentioned in post #11 Legg Mason increased estimates as follows: "TNL Buy, RAISING Target Price to $122 from $104, ’00 EPS estimate of $5.36 and ’01 estimate of $6.10, believe it is likely that TNL will beat our estimate of $1.40 for the 2Q, believe the demand for networking, telecommunications, Internet access, and power conversion products will drive further revenue improvements and margin expansion through the rest of the year." netcognizance.com

To: Greg Williams who wrote (12)	7/12/2000 10:59:47 PM
From: Bill Ulrich	Respond to of 55

$150 looks pretty 'do-able'. Historically speaking, over the past five years, TNL P/E has peaked at 27.78. At $5.35 earnings, that should put you around $148.50. Thinking longer term, ~30 P/E on 2001 projected earnings of $6+ would be ~$180. BTW, industry avg. P/E for Electronic Instr. & Controls is 35, with the high at 57. Could be room for even more TNL growth.